How low can NG go before producers can not make profit?

john7722 said:
I am planning to hold for 1y maybe or until I get like 50% profit . I am trying to figure out a good entry but it just keeps going down every day .
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The time to buy is when it goes in a trading range and stops going down. It can go all the way down to $1 a share and it would be fine with me. You can buy a lot of shares of UNG dirt cheap. Wait for the breakout and see if it is on high volume. If it is, go jump right in. WTI looks ready for a breakout. If it breaks out on high volume, I am going to get in.
 
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easymon , who is the guy in the video you posted? He looks like he knows what he is talking about, do you follow him on regular basis?
The guy from the first video about NG
 
john7722 said:
easymon , who is the guy in the video you posted? He looks like he knows what he is talking about, do you follow him on regular basis?
The guy from the first video about NG
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I like to look in on what Larry's up to from time to time. He's been at it since Moses was in diapers and he focuses exclusively on fibonacci and Gartleys. Given that when there's action multiple methods work, a guy can take a 'head's up' LP call and look for simple price action triggers around areas where he shows interest. Sometimes setups happen like on 3/28 NG 5m chart at 11:05. Sometimes, nothing. ymmv.
 
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CannonTrading_Ilan said:
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This is good info. Notice how NG bottoms ~$2, then rallies to ~$6 or even ~$10. NG is one of the great commodity seasonal plays, but if you try to "nail it", odds are it will race away from you. Better to be accumulating somewhere around here... and even add if it dips further. NG isn't going to zero, nor is it "going away"... at least not this/next year. My view at this time... is whatever play you intend to make, it should be fully on no later than the end of April.
 
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